Immersion Co. (NASDAQ:IMMR) has been assigned a consensus rating of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $10.75.

A number of equities research analysts have weighed in on the company. B. Riley reiterated a “buy” rating and issued a $9.75 price objective on shares of Immersion in a research note on Monday, October 30th. Zacks Investment Research upgraded Immersion from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, ValuEngine upgraded Immersion from a “sell” rating to a “hold” rating in a research note on Saturday, September 30th.

Immersion (IMMR) traded down $0.08 during mid-day trading on Friday, reaching $7.40. The company had a trading volume of 412,600 shares, compared to its average volume of 405,700. The stock has a market capitalization of $220.85, a PE ratio of -3.02, a price-to-earnings-growth ratio of 1.42 and a beta of 1.36. Immersion has a 12-month low of $5.76 and a 12-month high of $11.85.

Immersion (NASDAQ:IMMR) last posted its earnings results on Thursday, November 2nd. The software maker reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.16. The firm had revenue of $11.90 million during the quarter, compared to analysts’ expectations of $7.33 million. Immersion had a negative return on equity of 100.50% and a negative net margin of 190.18%. The firm’s revenue was down 54.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.34 earnings per share. equities analysts anticipate that Immersion will post -1.12 EPS for the current fiscal year.

In other news, major shareholder Raging Capital Management, Llc acquired 154,997 shares of Immersion stock in a transaction on Friday, December 1st. The stock was bought at an average price of $7.27 per share, for a total transaction of $1,126,828.19. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders acquired 1,432,482 shares of company stock valued at $10,166,370. 7.22% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of IMMR. University of Notre Dame DU Lac purchased a new stake in Immersion in the third quarter valued at approximately $5,810,000. Vident Investment Advisory LLC increased its holdings in shares of Immersion by 60.9% in the third quarter. Vident Investment Advisory LLC now owns 1,393,439 shares of the software maker’s stock valued at $11,384,000 after purchasing an additional 527,185 shares during the period. Cooper Creek Partners Management LLC acquired a new position in shares of Immersion in the second quarter valued at approximately $3,827,000. PEAK6 Investments L.P. increased its holdings in shares of Immersion by 265.8% in the third quarter. PEAK6 Investments L.P. now owns 201,832 shares of the software maker’s stock valued at $1,649,000 after purchasing an additional 146,653 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in shares of Immersion in the third quarter valued at approximately $1,179,000. Institutional investors own 78.98% of the company’s stock.

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Immersion Company Profile

Immersion Corporation is a licensing company focused on the creation, design, development and licensing of haptic technologies that allow people to use their sense of touch when operating digital devices. The Company develops, licenses and supports a range of software and intellectual property (IP). It is focused on the markets, including mobile devices, wearables, consumer, mobile entertainment and other content; console gaming; automotive; medical, and commercial.

Analyst Recommendations for Immersion (NASDAQ:IMMR)

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